Imitating cooperation and the formation of long-term relationships
成果类型:
Article
署名作者:
Schumacher, Heiner
署名单位:
Goethe University Frankfurt
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1016/j.jet.2012.12.008
发表日期:
2013
页码:
409-417
关键词:
Prisoner's dilemma
imitation
Random matching
Relationships
摘要:
We study the infinitely repeated prisoner's dilemma with the option to maintain or to quit relationships. We show that if agents imitate successful strategies infrequently, defection is not dynamically stable and cooperation emerges regardless of the initial distribution of strategies. (C) 2012 Elsevier Inc. All rights reserved.